Fuller & Thaler Asset Management Inc. Purchases Shares of 7,600 Philip Morris International Inc. (PM)

Fuller & Thaler Asset Management Inc. purchased a new stake in Philip Morris International Inc. (NYSE:PM) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 7,600 shares of the company’s stock, valued at approximately $844,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Philip Morris International by 2.7% during the second quarter. Vanguard Group Inc. now owns 111,475,174 shares of the company’s stock worth $13,092,759,000 after purchasing an additional 2,972,929 shares during the last quarter. BlackRock Inc. lifted its stake in Philip Morris International by 2.7% during the second quarter. BlackRock Inc. now owns 91,796,829 shares of the company’s stock worth $10,781,538,000 after purchasing an additional 2,421,533 shares during the last quarter. FMR LLC lifted its stake in Philip Morris International by 12.5% during the second quarter. FMR LLC now owns 20,919,201 shares of the company’s stock worth $2,456,960,000 after purchasing an additional 2,330,864 shares during the last quarter. Legal & General Group Plc lifted its stake in Philip Morris International by 2.9% during the second quarter. Legal & General Group Plc now owns 7,422,457 shares of the company’s stock worth $871,687,000 after purchasing an additional 210,869 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Philip Morris International by 6.1% during the second quarter. Royal Bank of Canada now owns 6,954,881 shares of the company’s stock worth $816,852,000 after purchasing an additional 397,015 shares during the last quarter. Institutional investors and hedge funds own 72.35% of the company’s stock.

Shares of Philip Morris International Inc. (NYSE PM) opened at $104.87 on Wednesday. The firm has a market capitalization of $162,880.00, a price-to-earnings ratio of 23.15, a P/E/G ratio of 1.89 and a beta of 0.89. Philip Morris International Inc. has a 1-year low of $90.15 and a 1-year high of $123.55. The company has a quick ratio of 0.68, a current ratio of 1.13 and a debt-to-equity ratio of -2.91.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, October 19th. The company reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.11). The company had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.75 billion. Philip Morris International had a net margin of 9.32% and a negative return on equity of 67.59%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.25 earnings per share. equities analysts anticipate that Philip Morris International Inc. will post 4.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Thursday, December 21st were issued a $1.07 dividend. The ex-dividend date was Wednesday, December 20th. This represents a $4.28 dividend on an annualized basis and a yield of 4.08%. Philip Morris International’s payout ratio is 94.48%.

In other Philip Morris International news, Chairman Louis C. Camilleri sold 108,979 shares of the stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $108.38, for a total transaction of $11,811,144.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

A number of brokerages have recently commented on PM. Citigroup dropped their price target on Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday. Piper Jaffray Companies reiterated an “overweight” rating and issued a $137.00 price target (up from $130.00) on shares of Philip Morris International in a research note on Thursday, January 11th. Jefferies Group reiterated a “hold” rating and issued a $120.00 price target on shares of Philip Morris International in a research note on Thursday, September 28th. Cowen reiterated a “buy” rating on shares of Philip Morris International in a research note on Sunday, September 24th. Finally, Goldman Sachs Group began coverage on Philip Morris International in a research note on Monday, October 2nd. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $124.54.

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Philip Morris International Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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